Conclusion

The Budget contained several of the proposals made to the Minister by the Private Sector Commission. It was a budget about inputs rather than outputs:  billions spent but no expected results stated. It is an incomplete budget. It does not include all the moneys belonging to the Government. It does not include all the expenditure either.

Tax revenues do not reflect inflation and real growth in most sectors of the economy. Some figures stretch credulity, or perhaps are self-serving. To justify the US$58 million on the Marriott the Minister claimed that hotel occupancy is 75%. That is wishful thinking. On the other hand the reported decline of 11% in the performance in the construction sector